SOURCE: Yale Resources Ltd.

January 31, 2007 18:03 ET

Yale Confirms High Potential of Zacatecas Properties

VANCOUVER, BC -- (MARKET WIRE) -- January 31, 2007 -- Yale Resources Ltd. (TSX-V: YLL) (FRANKFURT: YAB) is pleased to report that results from the first phase sampling and mapping program on the Salvador, Zacatecas and San José properties confirms the significant potential of the properties. These three properties, along with the San Sabino claim, make up the Zacatecas Venture, in which Yale has the right to earn an 80% interest in from IMPACT Silver Corp. (TSX-V: IPT). The Zacatecas district is one of the most famous historic silver mining districts in Mexico.

The historic mines throughout each of the properties and samples near these mines grading up to 145 ounces per tonne silver (see news release dated October 17, 2006) combined with the recent results show that there remain significant exploration potential within the properties and that each property warrants drill testing. A drill is being mobilized to the Zacatecas area and will arrive towards the end of February to commence a core-drilling program on these properties.

This ongoing work is being supervised by consulting geologist Edward Lyons, P.Geo.

Salvador and Zacatecas -- 1,337 g/t silver found in outcrop.

The Salvador and Zacatecas properties are contiguous and host two main veins (with splays) that have silver grades that range from 100 to 1,410 g/t. The Salvador Vein lies to the NE and has been traced for 450 metres within the property. The Zacatecas Vein has one sub-parallel vein and has little outcrop but many shafts and dumps that indicate a strike length of at least 350 metres within the property.

Of the 61 samples analyzed, 31 contained over 100 g/t silver. Due to the lack of outcrop (primarily a result of mining activity) a majority of sampling was done on the historic mine dumps that exist throughout the properties. This recent sampling of these dumps confirmed the earlier sampling and returned average grades 200 to 300 g/t silver.

The highlight of the sampling program was one pair of chip samples that averaged 1,337 g/t silver over 1.08 metres true vein width on the SE part of the Salvador Vein. This confirms that higher-grade silver mineralization does exist within the vein system and that the down dip continuation of the veins is a viable exploration target.

San José -- additional silver and gold exploration target identified.

The San José concession hosts two vein systems. The northern San José vein is made up of two sub-parallel veins with an oblique splay. Several shafts and cuts on the vein mark its length over 250 metres but the strike length is open in both directions. The sub-parallel vein along the south fault contact has little development and is poorly exposed but extends into a zone of silicification.

Of the 44 samples analyzed, 14 contained over 93 g/t silver. A significant difference at San José from the other claims is the consistently elevated gold values. Previous sampling of dumps (see news release dated October 17, 2006) identified gold values up to 7 g/t and silver values up to 145 ounces per ton. Recent sampling returned 2,180.0 g/t silver (or 63.5 ounces per ton) and 3.15 g/t gold. Outcropping vein at this dumpsite returned 208.0 g/t silver, 1.00 g/t gold, and 2.32% lead over 57 cm.

The eastern extension of the San José vein is poorly exposed but one outcrop graded 428.0 g/t silver and 0.97 g/t gold over a true width of 0.98 metres.

A new exploration target has been identified within the San José claims as recent sampling one hundred and fifty metres away from the known workings and dumps returned gold values from 0.27 to 0.87 g/t and silver values up to 531.0 g/t (15.4 oz/T) in outcrops over a widespread area. Below is a list of results from this new area:

                   True Width
Concession   Type     (m)       Ag g/T     Au ppm    Pb %
San José     float              176.0      1.12      -
San José     chip     0.99      149.0      0.27      1.75
San José     chip     0.98      218.0      0.36      1.16
San José     chip     0.98      531.0      0.87      -
Field work is on going with additional samples having been sent to the lab. Results will be released when received and interpreted.

Edward Lyons, P.Geo, who supervised the fieldwork, is a Qualified Person according to NI 43-101 and has reviewed this news release. Samples were tagged for identification after collection and securely stored at the IMPACT base camp until shipment. A total of 5% assay standards and 5% blanks were inserted into every sample shipment as a quality control measure. All samples were shipped to the ALS Chemex preparation laboratory in Guadalajara (Mexico) and the pulps were then shipped to the ALS Chemex laboratory in North Vancouver, Canada where a 30 gram split of each was assayed for gold and silver by standard fire assay and a 10 gram split was analysed for an additional 30 elements by ICP spectrometry.

On behalf of the Board,

"Ian Foreman"
Ian Foreman, P.Geo.
For additional information on Yale Resources please call the Company at 604-678-2531.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

News Release #07-3

Contact Information

  • Yale Resources Ltd.
    600 - 890 West Pender St.
    Vancouver, B.C.
    V6C 1K4 Canada
    Phone: 604-678-2531
    Fax: 604-678-2532